State budget deficit in Ukraine up 18.7% y/y to UAH 40.8bn (USD 5.1bn) in Jan-Oct.

By bne IntelliNews December 2, 2013

In Jan-Oct, the state budget deficit in Ukraine rose by 18.7% y/y to UAH 40.8bn (USD 5.1bn), compared to a deficit of UAH 33.2bn seen in Jan-Oct 2012, the FinMin has announced. The deficit of general fund of state budget amounted to UAH 43.9bn in the reporting period. Consolidated state budget expenditures amounted to UAH 398.4bn in Jan-Oct. Consolidated state budget revenues totaled UAH 362.5bn in Jan-Oct. The revenues of state budget reached UAH 278.7bn in the reporting period.

The largest contribution to state budget had:

  • VAT-UAH 150.5bn
  • Income tax-UAH 45.5bn
  • Excise tax-UAH 20.5bn
  • Fee for use of mineral resources-UAH 10.6bn
  • Import duty-UAH 9.2bn

Own revenues of budgetary institutions in Jan-Oct amounted to UAH 21.2bn.

In Jan-Oct, the State Property Fund transferred UAH 981.3mn (USD 122.7mn) to the state budget from privatization of the state property. The 2013 state budget's receipts from privatization are anticipated at UAH 10.9bn. So, the Jan-Oct proceeds make 9% of the sum.

In addition, the SPF transferred UAH 891.263mn to the national budget in revenue from lease of state property. In 2013, UAH 835mn of revenue from lease of state property is supposed to be transferred to the national budget. Moreover, in Jan-Oct, the SPF transferred UAH 125.163mn to the state budget in dividends accrued on the shares in public ownership. The annual plan of receipts in dividends was fulfilled 208.4%.

Consolidated state budget, UAH bn 2011 Q1/12 H1/12 2012 Q1 H1/13 Jan-Sep Jan-Oct
Revenues   398.6 98.6 208.8 445.5 106.6 211.1 325.9 362.5
Expenditures 416.9 99.0 216.9 492.4 112.1 239.1 359.0 398.4
Balance*   -23.1 -0.7 -9.7 -50.7 -5.7 -28.0 -33.8 -37.1
*Balance includes budget crediting                
Source: FinMin                

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